Buhari signs N10.594trn 2020 appropriation bill into law

(Last Updated On: December 17, 2019)

Buhari signs N10.594trn 2020 appropriation bill into law

President Muhammadu Buhari on Tuesday in Abuja signed the 2020 appropriation bill of N10,594,362,364,830 into law.

News Agency of Nigeria (NAN) reports that the budget was increased from N10.33 trillion to N10.594billion by the National Assembly.

NAN observed that N560.47 billion of the total budget is for statutory transfers while N2.7 trillion is for debt service.

Other breakdown of the budget include N4,842,974,600,640 for Recurrent Expenditure; Capital expenditure N2,465,418,006,955; Fiscal Deficit N2.28 trillion and Deficit/GDP N1.52 per cent.

Continue reading Buhari signs N10.594trn 2020 appropriation bill into law at Vanguard News.

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